Barclays PLC (BARC) has filed a Form 38.5(b) disclosure with the Irish Takeover Panel, revealing that its subsidiary Barclays Capital Securities Ltd held a combined long interest of 2.00% and a short position of 2.00% in Irish Residential Properties REIT plc as at 12 November 2026. The disclosure was submitted on 13 November 2026 under Rule 38.5(b) of the Irish Takeover Panel Act, 1997, Takeover Rules 2022, and relates to dealings undertaken in the REIT's €0.10 ordinary shares. Investors monitoring takeover activity in Irish residential property markets may note the scale and structure of Barclays Capital Securities' disclosed positions.

Key Points

  • Barclays PLC (BARC), via subsidiary Barclays Capital Securities Ltd, filed a Form 38.5(b) opening position and dealing disclosure
  • The disclosure covers positions and dealings in Irish Residential Properties REIT plc €0.10 ordinary shares as at 12 November 2026
  • Total long interest disclosed at 10,492,254 shares (2.00%); total short position at 10,465,706 shares (2.00%)
  • Investors should watch for further regulatory disclosures relating to any formal offer process concerning Irish Residential Properties REIT plc

Barclays Capital Securities' Disclosed Long and Short Positions in Irish Residential Properties REIT

According to the announcement, Barclays Capital Securities Ltd held interests totalling 10,492,254 shares, equivalent to 2.00% of Irish Residential Properties REIT plc's relevant securities. This comprised 10,083,577 shares owned or controlled (1.92%) and 408,677 shares held via cash-settled derivatives (0.08%). On the short side, the total position stood at 10,465,706 shares, also representing 2.00%, consisting of 389,625 shares in outright short positions (0.07%) and 10,076,081 shares through cash-settled derivatives (1.92%). No stock-settled derivatives or agreements to purchase or sell were reported.

Purchases, Sales, and Derivative Transactions Undertaken on 12 November 2026

The announcement states that Barclays Capital Securities purchased 2,132,913 ordinary shares at prices ranging from €1.3618 to €1.3640 per unit, and sold 2,176,900 shares at prices between €1.3619 and €1.3640 per unit on the same date. A series of swap and CFD transactions were also disclosed, covering movements including increasing long positions, increasing short positions, and decreasing short positions, with individual transaction sizes ranging from 116 to 308,267 reference securities priced in a narrow band around €1.3620 to €1.3641 per unit.

Exempt Principal Trader Status and Regulatory Context Under Irish Takeover Rules

Barclays Capital Securities Ltd filed the disclosure in its capacity as a connected exempt principal trader without recognised intermediary status, acting in connection with Irish Residential Properties REIT plc as the named offeror or offeree. The disclosure is required under the Irish Takeover Panel Act, 1997, Takeover Rules 2022, which mandate transparency in positions held by parties connected to offer situations. The announcement confirms no indemnity arrangements, no option or derivative agreements with other parties, and no supplemental Form 8 was attached to the filing.

Irish Residential Properties REIT plc and the Significance of Ongoing Disclosure Obligations

Irish Residential Properties REIT plc is an Irish-listed real estate investment trust focused on the residential property sector in Ireland. The requirement for connected parties such as Barclays Capital Securities to file repeated dealing disclosures reflects the regulated nature of the offer period under Irish takeover law. The announcement confirms no dealings involving indemnities or arrangements that could constitute an inducement to deal or refrain from dealing were entered into, which the disclosure explicitly records as "NONE" for all relevant categories.